rent Flashcards
(10 cards)
What is the main critique Smith (1987) makes of Ley’s concept of the rent gap?
Smith argues Ley overlooks the necessary economic and physical changes in gentrifying neighborhoods, offering a flawed understanding of the rent gap.
What does Smith emphasize is essential for understanding gentrification?
A comprehensive view that includes social, physical, and economic transformations.
What does Cheshire argue about land use planning systems in the UK?
They often cause policy failures by restricting land supply and inflating prices.
How do greenbelt and zoning policies affect housing markets, according to Cheshire?
They distort markets by limiting land supply elasticity, worsening affordability.
What is Cheshire’s stance on market failures in land markets?
He believes they are often overstated, while policy-induced distortions are underexamined.
How does planning affect economic efficiency, per Cheshire?
It prevents land from being used efficiently, reducing productivity and growth.
What reform does Cheshire advocate for?
More market-oriented land use policies with fewer regulatory constraints.
How does Christophers describe the UK economy?
As a rentier economy where income comes from owning and controlling scarce assets.
What is Christophers’ view on rentierism in capitalism?
It is systemic and embedded, not a peripheral or parasitic feature.
What sectors does Christophers analyze for rentier practices?
Housing, infrastructure, finance, digital platforms, and public services.
